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Nov 9, 2012 8:00am PST
speaker john boehner on this? as you remember during the 2011 negotiations, they tried to get a grand bargain. a $4 trillion deficit reduction that would have included cuts to medicare and medicaid, but also some tax increases. ultimately that deal fell apart. there are some democrats that would like to see the president try to go big again in this second term. now the white house pardoned by some of the comments that john boehner made by saying that he's willing to come to the table to talk to the president about that. as you pointed out, he said that does not include tax increases for the wealthy. but i have been talking to some of my republican sources on the hill who say the speaker's language is important. it suggests a potential willingness to work with the president on the issue of taxes, which is of course the big sticking point. what does that mean? we don't know. it could mean eliminating deductions for big corporations for the wealthiest americans. those are the details that will have to be hammered out. but that report by the congressional budget office, which essentially
Nov 11, 2012 10:00am EST
ahead to the fiscal cliff. john boehner has reiterated that the newly elected house republican majority is opposed to raising tax rates. they're willing to accept new revenue under certain conditions. what is your reaction to that? despite the pledge that most of them have signed? >> if we had a recovery the strength of reagan's recovery, there would be 10 million more americans at work today. but we take rate in's path of less spending and regulation, -- reagan's path of less spending and regulation, he has a million more americans at work today than obama does. i would rather have his recovery and all the revenue that flows from that. if you grew 4% a year instead of 2%. the difference between growing from 4% instead of 2% is $5 trillion in additional revenue to the federal government. nobody is talking but raising taxes $5 trillion. why not focus to reduce rates, have lower taxes, it to get more growth. you actually net more additional revenue. >> it seems like john boehner is now willing to get that revenue not just from the economic growth that is not scored by the congressional bu
Nov 8, 2012 7:00am EST
reid and move on to john boehner. [video clip] >> they are tired of partisan gridlock. i have one goal, to be obama. obama was reelected overwhelmingly. republicans want us to work together. democrats want us to work together. they want to reach a balanced approach to everything, but especially the situation we have with the huge deficit. taxes are a part of that. >> the american people have spoken. they have reelected president obama, and every elected a republican majority. if there was a mandate, it is a mandate for us to find a way to work together on the solutions to the challenges we all face as a nation. my message today is not one of confrontation, but one of conviction. mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. we want you to lead as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's do the right thing together for our country. host: ron, you are up first. what was the message to washington? caller: i really think co
Nov 9, 2012 3:00am PST
, we have the president winning re-election. we have john boehner returning to the speakership. harry reid returning. to being the senate majority leader. and while the status quo was the big winner last tuesday, the history books will not remember the names john boehner and harry reid as long as they will remember what this re-election meant for president barack obama. >> that's exactly right. it is a ratification. it is an affirmation historically. you could argue that maybe one of the reasons he's crying is he's going to have to deal with john boehner and harry reid going forward. so there could be a very practical trigger there. but certainly, i mean, what mike and john have said is exactly right. it's an important moment. he's the third democrat, fourth democrat, to do this in a century. woodrow wilson, franklin roosevelt, bill clinton and barack obama. not bad company to be in. >> by the way, i heard you say that on wednesday morning. who was the democrat -- the last democrat before that to do it? >> well -- >> that's a test. >> -- that is a test. >> jackson? >> i guess it would
Nov 11, 2012 3:50pm EST
country. >> i want to follow up that question and ask neera real quick -- john boehner expressed openness to reductions in spending, reforms, but not structural changes, not ending the federal entitlement to medicare or medicaid, as the ryan budget would do. where do you think that goes after the election? >> i think the president really crossed the rubicon there by putting medicare and medicaid on the table. neera mentioned the budget -- hundreds of billions of dollars in cuts. romney tried to put it back in. i thought it was very ironic. social security? no, it has not been on the table. i think he has already done so and i suspect he will continue to. >> one of the interesting things about that -- we will go to the audience in a minute -- think of the context. medicare is one of the policies that transfers resources down the generational ladder. from the retiring baby boom that is 80% white and moving it into an uninsured younger population, it really in many ways -- the federal government has $700 per capita, something like that -- is striking that under such explicit attack, for kind
Nov 10, 2012 12:00am PST
." but he and house speaker john boehner both insisted they'd hold firm on whether or not to raise taxes on the wealthy. here are excerpts from the president's first comments on the subject since his victory tuesday night. he spoke to a crowd of supporters in the east room of the white house. >> as i said on tuesday night, the american people voted for action, not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i've invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. last year, i worked with democrats and republicans to cut a trillion dollars worth of spending that we just couldn't afford. i intend to work with both parties to do more, and that includes making reforms that will bring down the cost of health care so we can strengthen programs like medicaid and medicare for the long haul. i've put forward a detailed plan that allows us to make these investments, while reducing our deficit by $4 trillion over the next decade. i want to be clear-- i'm not
Nov 11, 2012 6:00pm PST
romney in a minute, but first listen to what john boehner said after the election. >> mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. let's rise above the this function and do the right thing for our country. >> later john maynard told diane sawyer he is the most reasonable, responsible person -- john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next year. i think they will get passet the cliff if -- the cliff. if he insists on raising rates, he will be stymied. >> what is the message? >> it is a mixed message. i think we all agree the corner stone of the president from message is we raise taxes on those earning over $250,000. mitt romney pledged to repeal obamacare. these are the e
Nov 8, 2012 8:00pm EST
developed, the way the parties are, tuesday night we are all in this together, boehner comes out the next day, yes, we can work this out, but over time, the reality is still up to very different parties with very different values, very different constituencies, and when republicans starts to get to squishy or a democrat starts to move to the middle, they get pounded on. shawn hannity, rush limbaugh, and shultz, and rachel maddow. i started seeing earlier, getting e-mails from the pccc, which is the progressive change campaign committee, which saw the success of 2010 on the right and said we could do the same thing on the left. there is just more and more movement on the extremes, demanding in the party faithful to stay faithful. we still have primaries and republicans have to figure out a way to avoid todd akins and richard mourdocks. there is no increase in the christine o'donnell vote, the witch vote. the republicans had five seats in the last two cycles for the have sacrificed a seat by nominating sharon engle and christine o'donnell, and now the two this time. republicans are going to
FOX News
Nov 10, 2012 11:00am PST
looking drab. >> paul: house speaker john boehner extends an olive branch, how much will they give and how will the white house respond? to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. which can relieve pain all day with just two pills. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm hi'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> the american welcome have spoken and they've reelected president obama and reelected a majority in the house of representatives. a mandate for us to find a way to work together on the solutions to the challenges that
FOX News
Nov 10, 2012 8:00pm PST
. >> paul: house speaker john boehner extends an olive branch, how much will they branch, how much will they giveif we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >> the american welcome have spoken and they've reelected president obama and reelected a majority in the house of representatives. a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> that's house speaker john boehner vowing to work with president obama on the challenges facing the nation the first the fiscal cliff, a toxic combination of tax increases and automatic spending cuts especially in defense that could take effect january 1st. so, we pointed out in the last segment, republicans held the house with minimal losses despite a big democratic year. can boeh
FOX News
Nov 11, 2012 12:00pm PST
looking drab. >> paul: house speaker john boehner extends an olive branch, how much will they [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. >> the american welcome have spoken and they've reelected president obama and reelected a majority in the house of representatives. a mandate for us to find a way to work together on the solutions to the challenges
Nov 11, 2012 9:00am EST
and the president. speaker boehner said tax hik eshehikes aren't acceptable. senator mcconnell the republican leader in senate said that he won't raise taxes to turn off those spending cuts. if senator mcconnell and speaker boehner don't bend, do you still believe the president should go up to the brink. >> here we are, our country has a tremendous debt and deficit problem. we also have a challenge in making sure that we educate our work force, we need to make sure we care for our veterans who need that care today. we need to have research and we need to be able to compete in a global marketplace, those investments are important. everyone who has looked at this, including the supercommittee that i served on, said we need to have revenue as part of the solution to this problem as well as looking at entitlements and spending cuts. what the missing ingredient is revenue. that's what we face right now. if our republican counterparts can step forward with that revenue piece we'll be able to find a solution. >> and if not, go off a cliff? >> well, clearly, we have the ability between now and the end of th
Nov 9, 2012 1:00pm PST
a potential financial crisis, can house speaker john boehner and the president find an onslaught of spending cuts and tax hikes? stay with us. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, cle
Nov 11, 2012 7:00am EST
to retire. i think mr. john boehner wants to work out a deal. i really do. he has to get through. kantor and some of the others on the extreme right. -- eric cantor and some of those on the right. i do not like the extremism. it is not helpful to the country at all. host: thank you for the call. we read this at the top of the program. on our twitter page, there is this -- nancy cook puts it this way. "game of chicken." her answer, probably not. george is on the phone from the line for republicans. caller: i just think when the voters spoke on the past election that we as citizens are being shortchanged. we vote our -- our constituents voted for representatives, but we are not being represented. in the last 30 days of the campaign, i decided to be an independent. i was not convinced everybody was being fairly treated with the tax cuts. therefore, i believe speaker john boehner, rip cantor, reid, and the president to sit down and realize we elected them to look out for our best interests. what we do not get that, you get the backlash you got on the last election. host: a couple of other op
Nov 11, 2012 9:00am EST
listen to what boehner said after the election. your. president, this is ment. we are ready to be led. not as democra or republicans, but as americans. let's rise above the this function and do the right thing for our country. >> later john maynard told diane mostr he ishe personbable, responsible dianen boehner told mostr he is the personble, responsible presidentn and the knows that. and he knows that he and john can work together. -- john boehner can work tother. end of the year. will we ach a compromise before then, charles? a i do not thinink it will be comprehensive compromise. tohthink they will be able patch something together. tohink they will be able reformn it true tax sometime next year. someththing along the lines the obama appointed. i think they will get past the cliff. if he insists raising rates, he will be stymied. >> what is the message? >> it is a mixed message. i think we all agree the presidente of the taxesessage is we raise on those earning over $250,000. mitt romney pledged to repeal obamacare. these are the e essential points of their candidacies. i think he
FOX News
Nov 11, 2012 3:30pm EST
. >> you can see how he responds to john boehner, said this week, signaled that he's willing to accept maybe the government will collect some more revenue, but let's not raise tax rate. let's get rid of deduction and benefits of simplicity there and thinking about trying to get economic growth. i think if the president responds by saying let's do a bipartisan reform instead of demanding trillions in new tax revenue, then i think that would be a good thing. >> paul: one of the thing boehner, my sources are saying, they would like to do is to get the president extend the bush tax rates for another year to avoid an immediate blow to the economy and time to negotiate a larger tax reform and entitlement deal. if the president insists, said, look, i litigated taxes in the election, tax rates are going up right away and automatically are and i'm going to insist on that, then do you think we're back to the barricades? >> that's a sign that the first term was instructive and the des moines register was not, that he's going to stay to the left. he's also, he's facing another eform must challenge
Nov 9, 2012 11:00pm EST
to the nation. president obama and house speaker john boehner say they are willing to work with the other to prevent deep spending cuts which could send the country back into a recession. >> on tuesday night we found out that the majority of americans agree with my approach and that means askingthe wealthiest americans to pay a little more in taxes. >> i think it's important for us to come to an agreement with the president. but this is his opportunity to lead. >> and as you know the big issues separating the two parties remains tax cuts. the spokesman says mr. obama will veto any legislation extending tax cuts for or more. boehner says he remains unwilling to raise taxes on the wealthy saying it will hurt small business owners. next week, their first post election negotiations. >> local relief efforts in the wake of super storm sandy have intensified tonight ten days after sandy hit. a fairfax county group is trying to keep the -- help fill the needs of millions in new york and new jersey. live in mcclain loo more on this mission of mercy. >> i can t
Nov 8, 2012 1:00pm EST
the excesses' of your first term. john boehner seemed more open to the idea of allowing more revenue, the rate increases on fiscal cliff issue. i think the president, and i know his left wing, is certainly holding him to the pledge on the campaign trail that he will let the proper rate expire at the end of the year and intends to hold his own in arguing for that. host: margaret talev, that brings up the mandate question. does he say what george w. bush said, i have political capital and i intend to spend it? guest: if you have it, use it, or what other people say it for you. right now, president obama's game is not to come out of the box, acting takeda, and give republicans -- acting cocky and giving republicans an idea -- a reason to want to stick it to him. he is saying let's get this done. that is what he is serious about, there is no reason to set yourself up as having more leverage than you do. host: margaret talev, and the go to this headline in bloomberg. what does he do on his health care law, if anything? guest: so, it really is a little bit of the congress, and this will play out in
Nov 9, 2012 5:00pm EST
, but there is no sign of that. president obama and speaker john boehner laid out their position today that sounded like they're positions. >> this is a restart between high-stakes negotiations between two men. they are starting where they left off, far apart. in a speech at the white house, president obama claimed the election proved most americans agreed with his plan, that he calls balanced, cutting spending and hiking taxes to avoid the fiscal clef. he said he is flexible, but -- >> i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> the main republican negotiator will be speaker john boehner. >> the problem with raising tax rates on the wealthy americans is that more than half of them are small business owners. we know from ernst and young, 700,000 jobs would be destroyed. >> john boehner insists the middle class and the government would get more money if tax rates dropped. >> we know we will get more economic g
Nov 7, 2012 4:00pm PST
mandate mandate. that's what i tell to the republicans. john boehner came in today. >> involves making real changes to the financial structure of the entitlement programs and close loopholes and deductions working together to create a fair simpler cleaner tax code we can give our country a stronger healthier economy. a stronger economy means more revenue which is what the president seeks. because the american people expect us to find common ground we're willing to accept some additional revenues via tax reform. >> cenk: now that sounds good, right? additional revenues, it sounds like--no no, no. in other words what he's saying, i might close some of the loopholes and then i'll put loopholes within the loopholes but i won't touch tax rates. if i was president obama john i got news for you. we won you lost. you want to do it again? you wanting to through this two years from now? have at it, hoss, go for it. no no, i said we would be getting rid of the bush tax cuts for the rich. i did not stutter. i got elected. i got 320 electoral votes that i'll ram down your throat. no we're going to
Nov 9, 2012 6:00pm EST
, john boehner making public comments and neither one sounding like a compromise is anywhere -- >> well, the tone is certainly nicer than what we've heard, right? the president saying i'm not wedded to any one aspect of this. i'm open to compromise and new ideas. what i heard the president say and talking to white house officials, he certainly feels like this election gave him a victory on his point of view about taxes. he wants wealthier americans to pay more. he wants that balanced approached and he wants to drive a hard bargain on that piece of it. i would look for this to happen in some stages. avoid going off that fiscal cliff and spending cuts and tax increases by the end of the year and maybe take an initial stab at tax reform and maybe this happens in bits and pieces. >> talk to senator schumer and coburn and reaction to the petraeus resignation and more on what the republican party does in the future now after this loss. >> david gregory of "meet the press" thank you. >> it airs at 10:30 sunday morning here on nbc 4. >>> leon panetta says the military did all it could to respon
Nov 10, 2012 2:00pm EST
is a little smaller, and some of the people who boehner lost are moderates and those who would cut deals, there may be people, particularly as a freshman move into leadership positions -- jim langford is making a bid for policy committee chairmanship, which is sort of a springboard for a lot of people. there seems to be a general calming down among some of but fire breathing. there is potential for some mischief on the floor. as dan neuhauser reported in the house section of the guide, some of the more conservative members of the republican party have contemplated now that the threshold to bring down the bill is smaller they may not even vote for rules. but you also have people who are one year -- only one term in and they have now gone through a disappointing election and they have also seen that there are things they can get done that they feel perhaps they were not able to do in the middle of a debt crisis negotiation and all of the short-term continuing resolutions. so, the tone in the house, i would not be surprised if it ratchets down a teeny little bit because people with a little
Nov 7, 2012 8:00pm EST
and house speaker john boehner. and analysis from the national journal. last night and democrats held on to their senate majority. harry reid talked about the election results. we will hear from republican john bellair. -- john boehner. >> i am glad to be back. it was a late night, early morning. to it is clearly we're going increase our majority. but the results show a number of things. a number of things for certain. one is that we're the party of diversity. look at the results from all over the country. i'm looking forward to working with so many great accomplished centers. i have talked to virtually everyone of them. when i came to the senate, barbara mikulski was it as far as women. now one-third of our caucus is women. the remarkable work done by all these great centers to be. but the election is over and we have enormous challenges ahead of us. they're right here. and we have to sit down and go to work on it now, not wait. this was the message the american people sent from all over and that is they're tired of these partisan gridlocks. they're tired of things like i have one go
Nov 8, 2012 5:00am EST
boehner says he's open to putting politics aside and making a deel with the president o put the nntions finances in order. rep. john boehner / (r-oh) speaker of the house"...the preeident has signaled a willinggess to dootax reform to ower rates. republlcans 3 aacept new revenue if it comes froo rowwh nd refoom. so, pet's start the discussion -3 political analyst says tte &ppepublicans' willingness to come to terms on a deal could & be the result of public pressure.dr. danny hayee / 3 george washington university: " certainny does mean that they have to worry about -3 rrnning afoul of public opinioo at their peril,,having just suffered a loss..." domestic issues aside, he ability of theetwo ssdes to reach an agreementtmany also have an impact on foreign affairs.damon wilson / exxeutive vice pressdent of the atlantic council:" inabillty to strike an agreementtthat's serious, that's long termm that - restores confidence in the - fiscal sstuation of the unnted statts in the markets globallyy i think it aatually weakens his ha
Nov 9, 2012 12:00pm EST
boehner, and create a genuine partnership. we're at a moment where we could come together as a country. the election is over. we have some huge problems. and a president who is willing to be, genuinely hope can almost always get something positively done. but he is going to have to make a decision that that is where he wants to take the presidency. which after all, he wants it, and he gets to define which kind of presidency he wants. >> is the likelihood of him trying to cooperate and reach out more so now that he didn't have to run for re-election? and one of the other key players is mitch mcconnell. what is the dynamic there do you think? >> i think the president, first time i'm talking about the mutual background on capitol hill, the president may be at a point where he has gotten obama care, which is clearly now not going to be repealed, he has created a bigger government in the direction he wants to go in. and he may want to consolidate and having lived through two solid years of not getting anything done, he may decide he doesn't want to spend four years. the odds are very high t
Nov 9, 2012 7:00pm EST
known as the fiscal cliff. president obama and house speaker john boehner seem to be sticking to their guns, those old noncompromising my way or the highway type guns. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> the president says he will reject any deal that does not include asking the wealthy to pay more. that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing t
Nov 7, 2012 11:00pm PST
're starting from square one, apparently. john boehner today, he wants to not have any grand bargain before the end of the year. wants to do this -- they're just buying time. it will be interesting -- i'll be curious to see how the white house now reacts. you've got boehner and mcconnell, boehner is playing good cop, seems more conciliatory. mcconnell less so. mcconnell has a political squeeze happening on him because he's up for re-election in 2014. two things he's worried about. one is a primary challenge. two, ben chandler, great grandson of happy chandler, long time kentucky democratic name lost. suddenly doesn't have a house seat anymore. he might be looking for something to run for in 2014. >> how about ashley judd? >> well, i've heard the ashley judd rumor. i've also heard her running for governor of tennessee, which democrats are trying to get her to run for. i think ashley judd wants to run for office. that's a serious piece of speculation that's been circulating in kentucky. but -- so mcconnell has to play bad cop here. how is the white house going to respond, push back on this? c
Nov 8, 2012 6:00am EST
reason for that wall street trouble, the so called fiscal cliff approaching this morning. john boehner says he and republicans are willing to work with president obama and democrats to reach a deal to avoid sweeping cuts and tack hikes. boehner warns that a deal won't come easily. >> we won't solve the problem of our fiscal imbalance overnight and certainly won't do it in a lame-duck session of congress and it won't be solved by taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> speaker boehner says the deal could include new tax revenue to help reduce the national debt. >>> new this morning, we've learned president obama will be making a ground breaking trip in two weeks. an official from the southeast asian country of myanmar says the president will visit on either november 18th or 19th. it will be the first ever visit to that country by a u.s. president. the obama administration is trying to encourage democracy in that country. the pr
Nov 9, 2012 4:00pm EST
house speaker john boehner both laid out ideas to avert the so-called fiscal cliff. tax increases and spending cuts are due to hit in january, but today it seemed the two leaders and the bipartisan deal are still worlds apart. steve handelsman is on capitol hill with more on that. steve? >> you got it right. this is a restart of a high-stakes negotiation between those two men. the president and the speaker. the problem is beginning today where they left off, which is far apart. in a speech at the white house, president obama claimed the election proved most americans agree with his plan. that he calls balanced. cutting spending and hiking taxes to avoid the fiscal cliff. he said he's flexible -- >> but i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will be speaker joh
Nov 10, 2012 10:30pm EST
cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what
Nov 9, 2012 1:40am PST
's deficit. meanwhile house speaker john boehner has already signaling his willingness to hammer out a budget deal in an exclusive interview with abc's diane sayer, boehner made it clear that he's not open to raising taxes, but he did express confidence he and the president could find some common ground. >>> sources tell abc news that talks are under way for a possible plea deal for congressman jesse jackson jr. the illinois democrat is currently being treated at the mayo clinic for bipolar disorder. the fbi is investigating jackson for improperly using campaign funds for personal purchases, potentially furniture at his home, but he coasted to victory tuesday, retaining his congressional seat, despite virtually no presence on the campaign trail. the only involvement, a robo call. had. voted since june 8. and missed every one of the 225 votes since. that goes to show his strong contingency there. >> absolutely. >>> a look at your friday forecast, a big storm in the rockies with blizzard conditions and up to 2 feet of snow in montana, idaho, utah. showers along the california coast. some light
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